ANTWERP, Belgium, 26 February 2026 - CMB.TECH NV ("CMBT", "CMB.TECH" or "the
company") (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO)
reported its unaudited financial results today for the fourth quarter ended 31
December 2025.
HIGHLIGHTS
Financial highlights:
Profit for the period of USD 90.1 million in Q4 2025. EBITDA for the same period
was USD 322 million.
CMB.TECH's contract backlog increased by USD 304 million to USD 3.05 billion
with the addition of 5 x 5-year charters for Capesizes and a 3-year contract for
a CSOV.
Declaration of an interim dividend of USD 0.16 per share.
Over the course of Q4 2025 and Q1 2026, the company has fully repaid the bridge
loan facility that was originally raised to finance the acquisition of a large
stake in Golden Ocean.
Fleet highlights:
Delivery of 6 newbuilding vessels (Q4 + quarter to date):
VLCCs: Atrebates, Eburones
Chemical tankers: Bochem Callao
CSOV: Windcat Amsterdam
CTV: FRS Windcat 62, FRS Windcat 61
Previously announced sale of 8 VLCCs: Daishan (2007, 306,005 dwt), Hirado (2011,
302,550 dwt), Ilma (2012, 314,000 dwt), Ingrid (2012, 314,000 dwt), Hojo (2013,
302,965 dwt), Dia (2015, 299,999 dwt), Antigone (2015, 299,421 dwt), and Aegean
(2016, 299,999 dwt).
Previously announced sale of Capesize vessels Golden Magnum (2009, 179,790 dwt),
and Belgravia (2009, 169,390 dwt).
Corporate highlights:
Sale of stake in Tankers International Pool, closed on 27 January 2026.
CMB.TECH is investing in the Chinese ammonia supply chain.
Management Board changes: resignation of Mr. Benoit Timmermans
For the fourth quarter of 2025, the company realised a net gain of USD 90.1
million or USD 0.31 per share (fourth quarter 2024: a net gain of USD 93.1
million or USD 0.48 per share). EBITDA (a non-IFRS measure) for the same period
was USD 322.1 million (fourth quarter 2024: USD 180.4 million).
Commenting on the Q4 results, Alexander Saverys (CEO) said:
"Tanker markets continue to defy gravity due to a mix of shifting trade
patterns, modest newbuilding deliveries and a particularly active tanker
owner/operator who is adding fuel to the fire. Dry bulk freight rates have also
held up very well during Q4 and well into Q1. With two CSOVs delivered to our
fleet, we are starting to generate meaningful cash flows in the offshore supply
markets. The versatile nature of our ships allows us to serve wind and oil and
gas customers alike.
We have used this very strong market back-drop to sell some of our older vessels
at stellar prices, and fixed multiple long-term charter contracts at attractive
rates. We will use the proceeds to decrease our leverage, strengthen our balance
sheet and pay dividends. The repayment of the Golden Ocean bridge - less than
six months after the merger - is testimony to our capability to execute large
transactions swiftly, efficiently and in a disciplined manner."
Enclosed you can find the entire press release, including the results.
About CMB.TECH
CMB.TECH is one of the largest listed, diversified and future-proof maritime
groups in the world with a fleet of about 250 vessels: dry bulk vessels, crude
oil tankers, chemical tankers, container vessels, offshore wind vessels and port
vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through
own production or third-party producers.
CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe,
Asia, United States and Africa.
CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol
"CMBT" and on Euronext Oslo Børs under the ticker symbol "CMBTO".
More information can be found at https://cmb.tech
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbour protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts. The
Company desires to take advantage of the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbour legislation. The words "believe",
"anticipate", "intends", "estimate", "forecast", "project", "plan", "potential",
"may", "should", "expect", "pending" and similar expressions identify
forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include the failure of counterparties to fully
perform their contracts with us, the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in our operating
expenses, including bunker prices, dry-docking and insurance costs, the market
for our vessels, availability of financing and refinancing, charter counterparty
performance, ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires and other factors. Please see our filings
with the United States Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties.
This information is published in accordance with the requirements of the
Continuing Obligations on Euronext Oslo Børs.
Contact
CMB.TECH
Katrien Hennin
Head of Marketing and Communications CMB.TECH
+32 499 39 34 70
katrien.hennin@cmb.tech
Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
joris.daman@cmb.tech